Texas Racing Commission approves Retama Park sale
Retama Park sold to Pinnacle Entertainment, Inc.
The Texas Racing Commission has approved the sale of Retama Park in Selma to Pinnacle Entertainment, Inc.
The Nevada-based company received approval Tuesday from the TRC to purchase 75.5 percent of the racing assets of Retama Park for $22.8 million.
Pinnacle Entertainment owns casino properties in Louisiana, Missouri, and Indiana. Retama Park would become Pinnacle's second acquisition of a racetrack, after acquiring River Downs in Cincinnati in 2010.
Officials from Pinnacle and Retama Park expect the transition to be completed by Feb. 1, 2013.
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